Gas prices dip; SUV, truck sales soar - WMBFNews.com, Myrtle Beach/Florence SC, Weather

Gas prices dip; SUV, truck sales soar

HORRY COUNTY, SC (WMBF) - Low gas prices are influencing SUV and truck sales for some buyers.

According to AAA, this is the first time since December of 2010 that our national average has dropped below $3 per gallon. The national average stands at $2.97 per gallon for regular gasoline. Gas prices have been down consistently for drivers in our area as well, with the average in South Carolina at $2.71.

According to AAA, national pump prices usually drop in the fall because of decreased demand and because it costs less to produce the winter-blend gasoline. But global oil prices have dropped more than anticipated and the supply exceeds our demand, which is also helping prices to stay low.

"It's made it a little bit easier to drive longer distances,” says Danielle Owen, a Myrtle Beach resident. “And a little bit easier to spend money on Christmas presents for my daughter. Other than having to pay so much money in gas."

AAA predicts that we will still be paying for cheap gas into the winter and that prices could drop another five to 15 cents in the coming weeks. Only as long as nothing unexpected happens in the market. This could really help when it comes to holiday travel for Thanksgiving.

Automakers haven't stopped making gas guzzlers, and dealers tell WMBF News that SUV and trucks are top sellers. And they're attributing some of that to the lower gas prices. Some people who are considering a new car will now consider an SUV. And some people who are looking at an SUV are now considering a full-size pickup truck. And for many people, that decision actually results in the same, if not better, gas mileage.

"The new designs on the engines, the technology is a lot more advanced,” says Pat Fire, the general manager at Hyatt Buick GMC. “So the fuel economy is significantly better than it used to be. So some of these big vehicles are getting just as good of fuel economy as some of the older compact cars used to get years ago. With the fuel prices being lower right now, it makes that situation all that much more attractive."

Hyatt Buick GMC says their top sellers right now are the Buick Enclave, GMC Acadia, GMC Terrain, GMC Yukon, plus their trucks.

Copyright 2014 WMBF News. All rights reserved.

  • Local NewsLocalMore>>

  • Breaking

    Fire at Horry County church deemed suspicious

    Fire at Horry County church deemed suspicious

    Thursday, January 18 2018 10:21 AM EST2018-01-18 15:21:20 GMT
    Source: WMBF NewsSource: WMBF News

    A fire at Heavenly Grace Ministries Church in the Myrtle Beach area just after midnight Wednesday has been deemed suspicious, according to officials. Horry County Fire Rescue responded to the church on Peachtree road at 12:13 a.m. Wednesday, according to an HCFR news release.

    More >>

    A fire at Heavenly Grace Ministries Church in the Myrtle Beach area just after midnight Wednesday has been deemed suspicious, according to officials. Horry County Fire Rescue responded to the church on Peachtree road at 12:13 a.m. Wednesday, according to an HCFR news release.

    More >>
  • Breaking

    Horry County firefighter arrested for sexual battery with a student

    Horry County firefighter arrested for sexual battery with a student

    Thursday, January 18 2018 10:07 AM EST2018-01-18 15:07:24 GMT
    Matthew Oswald. (Source: J. Reuben Long Detention Center)Matthew Oswald. (Source: J. Reuben Long Detention Center)

    An Horry County firefighter living in Conway was arrested Wednesday and charged with sexual battery with a student, according to jail records and other sources. Matthew James Oswald, 31, from Conway, was arrested by Horry County police at 1:15 p.m. Wednesday and charged with sexual battery with a student. As of Thursday morning, he remained incarcerated at J. Reuben Long Detention Center.

    More >>

    An Horry County firefighter living in Conway was arrested Wednesday and charged with sexual battery with a student, according to jail records and other sources. Matthew James Oswald, 31, from Conway, was arrested by Horry County police at 1:15 p.m. Wednesday and charged with sexual battery with a student. As of Thursday morning, he remained incarcerated at J. Reuben Long Detention Center.

    More >>
  • UPDATE: Cancellations and delays due to winter weather

    UPDATE: Cancellations and delays due to winter weather

    Thursday, January 18 2018 8:07 AM EST2018-01-18 13:07:31 GMT
    Closings, cancellations and delays due to the winter weather can be found here. (Source: WMBF News)Closings, cancellations and delays due to the winter weather can be found here. (Source: WMBF News)

    Here is a list of school cancellations, delays and early closures announced ahead of the winter weather expected to impact our area on Wednesday, January 17.

    More >>

    Here is a list of school cancellations, delays and early closures announced ahead of the winter weather expected to impact our area on Wednesday, January 17.

    More >>
Powered by Frankly